On Thursday, NRG Energy Inc (NYSE:NRG)’s shares declined -2.13% to $24.36.
NRG Energy Inc (NRG) the country’s largest independent power producer, declared plans to develop a 20 megawatt (MW) solar energy facility that will generate clean, reliable solar power for delivery to Cisco’s San Jose headquarters. NRG Renew LLC will convert its NRG Solar Blythe II location, which is a 153-acre parcel that has been under development by NRG since 2010, into a solar installation that will assist Cisco reach its aim of using renewable sources for at least 25 percent of its electricity needs by 2017. The project is planned to start commercial operation by the end of 2016.
Electricity generated by the solar installation will be sold to Cisco under a 20-year power purchase agreement (PPA), increasing Cisco headquarters’ total use of clean, emission-free electricity.
Located in the Sonoran Desert near the Arizona and California border, the NRG Solar Blythe II location receives plentiful sunshine: For nearly half the year, average temperatures reach 90°F or higher.1 The photovoltaic technology to be installed on-site requires no fuel and minimal water. The amount of emission-free energy generated is predictable to be equivalent to the power needed to serve more than 14,000 homes and to prevent more than 102,000 metric tons of carbon dioxide from entering the atmosphere annually, which is the equivalent of removing more than 21,000 cars from the road. During the construction period, the project is anticipated to create about 200 jobs.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services. It owns and operates about 52,000 MWs of generation.
Abbott Laboratories (NYSE:ABT)’s shares dropped -0.34% to $49.33.
Mylan N.V. (MYL) issued the following statement regarding Abbott Laboratories’ (ABT) declared intention to support Mylan’s offer to acquire Perrigo Company plc (NYSE: PRGO; TASE) and vote in favor of this acquisition at Mylan’s forthcoming shareholder meeting. Abbott is presently Mylan’s largest shareholder, owning 14.5% of Mylan’s outstanding shares, and is an important long-term stakeholder of Mylan through various manufacturing partnerships.
Abbott Laboratories manufactures and sells health care products worldwide. Its Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome; intrahepatic cholestasis or depressive symptoms; gynecological disorders; dyslipidemia; hypertension; hypothyroidism; pain, fever, and inflammation; hormone replacement therapy; anti-infective and influenza vaccines; and product that regulates physiological rhythm of the colon.
At the end of Thursday’s trade, Banco Santander, S.A. (ADR) (NYSE:SAN)‘s shares dipped -2.23% to $7.46.
Banco Santander, S.A. (ADR) (SAN) declared a broad reorganization of its Board of Directors, counting the appointment of four new independent SHUSA directors and the creation of the position of Lead Independent Director.
The new independent SHUSA directors will be Alan Fishman, Chairman of Ladder Capital; Thomas S. Johnson, former Chairman and CEO of GreenPoint Capital; Catherine Keating, CEO of Commonfund; and Richard Spillenkothen, former head of banking supervision at the Federal Reserve Board and former director of Deloitte & Touche LLP.
Banco Santander, S.A. provides various banking products and services for individuals and companies. The company offers various deposit products, such as demand and time deposits; mortgages, auto finance, and personal credits; consumer finance; and mobile banking and electronic banking services. It is also engaged in corporate banking, treasury, and investment banking activities; designs and manages mutual and pension funds; invests in companies; and offers cash administration, trade finance and basic financing, and custody services.
Williams Partners LP (NYSE:WPZ), ended its Thursday’s trading session with -0.30% loss, and closed at $49.84.
Williams Partners L.P. (WPZ) advised its unitholders to reference news issued today by Williams (WMB), the owner of our general partner. Williams declared that its Board of Directors has authorized a process to explore a range of strategic alternatives following receipt of an unsolicited proposal to acquire Williams in an all-equity transaction at a stated per share price of $64.00. The unsolicited proposal was contingent on the termination of Williams’ pending acquisition of Williams Partners.
With the assistance of its outside financial and legal advisors, the Williams Board carefully considered the unsolicited proposal and determined that it significantly undervalues Williams and would not deliver value commensurate with what Williams expects to achieve on a standalone basis and through other growth initiatives, including the pending acquisition of Williams Partners.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North America’s hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
